SPX, 1292.84. FV, 1080.51. OFV, 1292.32. POFVF, 1253.97. Remember, we start by calibrating OFV to SPX (that is why they are almost identical) and then we key off what POFVF is saying. If this is right, we have some sort of a selloff coming very soon.
this nonsense has lost all amusement value. I have this theory: Nitro has died probably 2 years ago and Baron is posting in his name just to troll us and keep up the page count. I mean nobody can be this fucking stupid.....
This feels very much like dumb money buying here. Probably one or maybe two more days of it, at least in the short term.
That may be, but your position is 150 S&P points under water. So, it's debatable in regards to who is dumb in this predicament. Ultimately, it doesn't matter whether it's the "dumb" or "smart" money that is driving the market. What matters is whether you can take what the market offers, day to day, week to week, month to month. So far, your model looks utterly unimpressive in that regard, as it under-performs the "buy-and-hold" by 300 S&P points, and that's just for the last month.